According to the Telegraph, Chelsea made a bid for Palermo midfielder Javier Pastore that was rejected. Palermo president Maurizio Zamparini told the Spanish press,

"Chelsea was a club that we had a major offer from .

According to David Hytner at the Guardian, Arsenal boss Arsene Wenger is prepared to sell midfielder Andrei Arshavin to raise funds this summer. It is reported that Arsenal will look to recoup most of the £15million that they spent on the 29-year-old.

According to Sky Sports News, Chelsea striker Didier Drogba is happy at the club and does not want to leave this summer, despite the arrival of striker Fernando Torres. Drogba's agent Thierno Seydi said,

"A lot was said over a possible departure of Didier Drogba .

According to Simon Johnson at the London Evening Standard, Chelsea owner Roman Abramovich is expected to make big changes this summer after a dismal season. It is reported that anybody could be on the chopping block including the likes of Drogba, Terry, Lampard, Malouda, Anelka, and Cole.

According to Graeme Bailey at Sky Sports News, Chelsea striker Didier Drogba admitted that he will hold contact talks with the club in May. Drogba said,

"It will be very interesting to see what happens in May ... Then we can sit and speak about it and have a coffee.

According to ESPN Soccernet, Chelsea are close to agreeing to a deal with Sao Paulo for wonder kid Lucas Piazon when he turns 18 years of age. It is reported that the deal could be between £5 and £8million.

Piazon, who has been labeled the next Kaka, also drew heavy interest from Juventus.

According to Patrick Haond at Sky Sports News, Chelsea striker Didier Drogba admitted that he loves it at the club and has no desire to play for another one. Drogba told Orange Sport,

"I have everything I could dream of at Chelsea ... I am at a great club, with amazing team-mates, with a perfect living environment for my family.

UPDATE: According to Chelsea's official website, Chelsea defender Branislav Ivanovic has signed a new five-and-a-half year deal with the club.

January 19th, 2011: According to the London Evening Standard, Chelsea defender Branislav Ivanovic is close to signing a new four-year deal with the club.

UPDATE: According to Bolton's official website, Bolton have signed Chelsea striker Daniel Sturridge on loan for the rest of the season.

January 31st, 2011: According to Matt Lewis at the Fulham Chronicle, Chelsea striker Daniel Sturridge is prepared to join Bolton on loan for the rest of the season if Chelsea is able to complete the signing of Liverpool striker Fernando Torres.

According to the London Evening Standard, Chelsea have denied the rumor that they have made a £52million bid for Atletico Madrid duo Sergio Aguero and Diego Godin. A spokesman said,

"We never comment on transfer speculation, no matter how wild it is.

UPDATE: According to Chelsea's official website, Chelsea have completed the signing of Benfica defender David Luiz for an undisclosed fee. Luiz signed a five-and-a-half year deal with the club.

January 26th, 2011: According to Daniel Taylor at the Guardian, the deal has hit a snag in the road as Chelsea are unwilling to offer the £25.

UPDATE: According to Fulham's official website, Fulham have completed the loan signing of youngster Gael Kakuta.

January 25th, 2011: According to The Independent, Fulham have agreed to sign Gael Kakuta on loan for the rest of the season.

According to the London Evening Standard, Chelsea defender Branislav Ivanovic is close to signing a new four-year deal with the club. The other day Ivanovic said,

"I want to stay and I hope it will be sorted out soon. We are talking about my new contract but we will see in the next couple of weeks .

UPDATE: According to Tottenham's official website, Tottenham have completed the signing of Steven Pienaar. Pienaar signed a four-and-a-half year deal with the club.

January 17th, 2011: According to the Liverpool Echo, Everton have given Tottenham permission to speak with Pienaar as they have now agreed upon a transfer fee.

According to Chelsea's official website, Chelsea manager Carlo Ancelotti admitted that he would like to bring in a player this transfer window. Ancelotti said,

"We are not desperate ... If everything stays okay, without injuries, then we will be able to fight back for the title without any new players .